Trifecta – and not the good kind
“Housing remains weak with a soft employment backdrop and difficult credit,” said Tom Porcelli, chief U.S. economist for RBC Capital Markets
- Unemployement is 9.5% (9.7% in colorado)
- The median home price dropped 5.2 percent in February from a year earlier to $156,100, the lowest since April 2002.
- And try to get a decent rate with average credit. Another way for the bank to hold you hostage with unfortunate times.
There is still no land in sight to beach this drifting vessel called the housing industry. Hope and pray that you have enough rations and that the scornful gods of the economy smile down upon you and your family just long enough to beach this ghost ship.
Compass Realty Services
Foreclosure Assistance 720 295 HOPE